Category: Pay benchmarking
Gender Pay: Top tips for reducing pay gaps in 2025
Justine Woolf | 14 February 2025
Pay & Reward | Pay benchmarking | Pay
Every organisation is different and brings its own challenges and nuances when it comes to its Pay Gap.
The future of Pay benchmarking – is real-time data worth using?
Mark Macoun | 08 November 2024
Pay & Reward | Pay benchmarking | Pay
Paying workers at a level that is seen to be fair and competitive is vital for any company or organisation wanting to succeed. It is a key cornerstone to attracting and retaining strong talent.
Pay Benchmarking: Best Practices and Strategies
Amin Uddin | 01 November 2024
In the modern business world organisations are striving to attract and retain top talent with competitive, fair and transparent compensation practices. One crucial building block in this is Pay Benchmarking, which provides insights and comparisons into industry standards and norms, and helps organisations make informed decisions.
Choose the right data for pay benchmarking
Sarah Lardner | 25 August 2023
Selecting the right pay data to benchmark jobs in your organisation can be challenging at the best of times, not helped by the variety of options available out there, which many are being positioned as ‘real-time’ data.
Are you getting pay 'right’?
Mark Macoun | 04 August 2023
This might be a question that keeps you up at night and with the thought of the pay review process looming, you may be tempted to put off answering this question. By putting a plan in place before the start of September and getting ahead of the game, you’ll be in the best position to create a pay strategy and policy that ensures fairness and competitiveness. Not sure where to start? Your first step should be starting a pay benchmarking project.
Three essential areas to address around pay gaps and equality
02 September 2022
Equal Pay | Equal Pay Audits | Pay Structure | Pay benchmarking | Job evaluation | Pay Review
Instances of unequal pay can manifest all too easily, but they can also be guarded against by putting checks and balances in place and maintaining those with regular auditing. My three main areas to focus on when considering pay gaps and inequality are pay structures, annual pay review and pay policy.
Pay Data: The right version of the truth?
24 November 2021
Salary survey | Pay benchmarking | Pay Data
As we move cautiously out of the pandemic, ‘getting pay data right’ has never been more important. But how can you make sure you are selecting the right pay data, and how do you interpret what the data is telling you? Lisa Trewhitt offers her four main recommendations.
What Does Good Pay Benchmarking Look Like?
26 May 2021
Most organisations conduct benchmarking to attract and retain employees, which is done by understanding the market rate of roles within the organisation. But how can you ensure your next Pay Benchmarking project is a success? Mark Macoun offers some key best practice considerations.
Planning for the Other Side
09 April 2020
HR Reward | Reward Consultancy | Bonus | Performance Related Pay | Pay & Reward | Communications | Salary survey | Recognition | Reward Strategy | Pay benchmarking | Pay Review | Covid-19
Senior Reward Consultant Emer Bucukoglu explains why now is the time to take a considered approach to reward, review your current reward strategy and policies and explore smarter, more agile reward solutions.
Join the club: why you should join a specialist pay survey
03 March 2020
HR Reward | Reward Consultancy | Good data | Club survey | Salary survey | Pay benchmarking
Good pay data is key to informing decisions around pay management. But what happens when the traditional pay surveys don't fit the bill for specialist roles? Club surveys could be the answer. Sarah Nash reveals what organisations can gain from joining a specialist pay survey...
Now that’s what I call blogs! 2019’s greatest hits
17 December 2019
Executive Pay | HR Reward | Remcom | Reward Consultancy | Pay Fairness | Gender Pay Gap | Benefits intelligence | Employee engagement | Analytics | Pay trends | Pay Structure | Pay benchmarking | Flexible Benefits | Ethnicity Pay Reporting
A blog roundup today - our most popular blogs from 2019. Well worth a re-read of your favourites, or a chance to catch up on any you've missed.
Making a merit-based pay model work for your business
10 June 2019
Pay Transparency | Performance Related Pay | Pay Fairness | Pay & Reward | Pay trends | Pay framework | Pay Progression | Pay Structure | Reward Strategy | Pay benchmarking | Pay Review | Mosaic
With newly qualified lawyers preparing to join their new employers shortly, many law firms are in the process of reviewing their pay bands and pay structures. Once again, the discussion surrounding the benefits and drawbacks of the traditional PQE-based pay model have begun, and the merits of alternative pay models, have been reopened.
